Prabal Banerji joins Adani Power as CFO
Adani Power today said it has appointed Prabal Banerji as the new chief financial officer of the company.
Before joining Adani Group, Banerji was the group CFO of the Hinduja Group. He has previously worked with organisations like Mahindra & Mahindra, Duncan, Shaw Wallace, India Foils, Indian Aluminium and Pricewaterhouse Coopers, a company statement said.
He has over 28 years of exposure in corporate finance, business planning, strategic planning, resource mobilisation, mergers and acquisitions, capital re-structuring, business re-structuring, strategic alliances, investor relations and other related areas.
Jamaludin Zakaria joins Macquarie Capital Advisers as the managing director for Malaysia country
Macquarie Capital Advisers, the corporate advisory and equity underwriting business of Macquarie Group, said it has appointed Jamaludin Zakaria as head of Malaysia country coverage.
Mr Zakaria has joined the company as a managing director, and will report to Kalpana Desai, head of Macquarie Capital Advisers, Asia. He joins Macquarie Capital from Credit Suisse where he led Credit Suisse's investment banking coverage for Malaysia. Prior to joining Credit Suisse, Mr Zakaria was head of HSBC's investment banking operations in Malaysia.
Mr Zakaria has more than 15 years of international and domestic banking experience, and was involved in a number of landmark transactions in Malaysia including the Maxis Berhad initial public offering (IPO), which was the largest ever IPO in South East Asia and the largest telecommunications IPO in Asia Pacific since 2000. He also worked on the $1.62 billion rights issue by Maybank Berhad , the largest ever rights issue out of Malaysia.
New Delhi: India's merchandise exports shot up by 21.3%, year-on-year, to $18 billion in October this fiscal, while imports grew by 6.8%, reports PTI quoting commerce secretary Rahul Khullar.
Imports for October stood at $27.7 billion, widening the trade gap to $9.7 billion.
During April-October 2011, exports have aggregated to $121.4 billion, increasing by 26.8%.
Cumulative imports for this period went up to $194.2 billion leaving a large trade gap of $72.8 billion.
Imports during the first seven month of this fiscal have grown by 26%.
“For the first time, you see after a long time when exports growth cumulatively is higher than imports growth,” Mr Khullar said.
He also said almost all the sectors have reported positive growth in October, while tobacco, cashew, handicrafts and iron ore sectors have registered negative growth.